The Independent Sentinel – by Sara Noble Mr. Obama is using the Department of Homeland Security (DHS) to execute a radical, far-left ideology. He is filling up DHS positions with radical...
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The television ads show a series of medical mishaps: a man kicking the wrong leg in a reflex check, a urine sample bottle that won’t open for a frustrated patient and a blood pressure cuff...
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Victor Medina, December 7, 1941 has rightly been described as a day that will live in infamy. Whether it lives in President Obama’s memory is another story. On December 7, 2013, a day when...
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Top online deals, with low prices and sales on holiday and Christmas gifts, including electronics, video games, DVDs, and more Top Holiday Deals Are at Amazon Deals going at Amazon. You’ll find...
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Michael Tanner, As budget negotiators lurch toward their December 13 deadline for funding the government, another conference committee is struggling to reach an agreement over the farm bill....
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Sunday, December 8, 2013 12:00pm until 5:00pm in PST This memorial meet belongs to all the fans… it is NOT organized by us.. we are just the medium that transfers the...
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(Before It’s News) By Susan Duclos The autopsy results from the death of actor Paul Walker has been released and they determine that Walker was alive after impact and before the car burst into...
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GOP figures displayed conflicting attitudes towards Mandela’s death, basking in collective amnesia over party’s past views Nelson Mandela spent 27 years in prison, 18 of them in a...
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Frozen chicken breasts on sale in leading supermarkets are being pumped up with water and additives that make up nearly a fifth of the meat to the point where consumers are paying about 65p a kilo...
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Jonathan S. Tobin, On the list of scandals that plagued the Obama administration this past year, Benghazi has been the one the White House, Democrats, and their cheerleaders in the mainstream media...
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by Jazz Shaw, Philip Klein has some interesting observations on the long term effects of Barack Obama’s handling of the, shall we say, shortcomings of the Obamacare roll out. He cites an...
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With a storied history of attacking people of faith as extremists, radicals and the greatest threat this nation faces, it seems odd to see progressives embrace religion in their “advance the...
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The United States appears to have moved over time from an agrarian economy, to an industrialized economy, to a services and information economy. Selling leisure, celebrity, and entertainment where we used to sell material goods that enabled one to entertain themselves instead of watching the boob-tube.
The United States appears to be a net consumer society where we no longer manufacture the things we use, but outsource the production to areas of low-cost raw materials, energy, and of course, labor. The unions’ control over large-scale manufacturing (automotive, aircraft, shipbuilding, steelmaking, etc.) has distorted labor prices to the extent that producing goods in the United States is economically unfeasible if we want to remain competitive. This presents a problem to a progressive socialist democrat government because of politicians who cannot politically tolerate the manufacture, distribution, and sale of low-priced goods (beneficial to all) without trying to drive up wages (through unionization) – which in turn, will drive up the cost of the low-priced goods. Pretty much why the unions are attacking Wal-Mart and McDonalds with their “living wage” nonsense. Most of the jobs at these mass employers involve ever-shifting entry-level positions meant for the young and not career positions – that is, unless one is poorly educated, lacks in-demand skills, or lacks ambition. When most of our taxes and the cost of large consumer goods goes to union pensions and benefits, we are in deep, deep trouble.
The United States incentivizes those who produce nothing, but act as functionaries – often in a speculative manner. These are the financial industry executives and Wall Street Wizards who dream up new investments and then create stories to drive the market up or down – anything but sideways which does not produce trading or commission profits. A sound company one day, a dog whose stock tanks on a rumor the next day. How can you explain a multi-billion dollar evaluation of a company that has never turned a profit? An industry bubble where the asset class has been inflated beyond all reason – and those who manipulate finances look forward to the bursting bubble because they can make money on the way down.
The government, having interfered in the major markets, is busy covering up the fact that many of the largest “too big to fail” institutions were technically insolvent in prior years – and may be so today if they were called upon to resolve their derivative positions in a chaotic market without buyers and the ability to evaluate prices. We can see that the United States Treasury and the bank-owned and private Federal Reserve has developed a scheme to recapitalize these banks before consumers and citizens become smarter and realize that the burgeoning debt is little more than another bailout of the financial sector and that executives are gorging on bonuses created by sure-fire profitable investments.
The consumer, taxpayer, and small investor is being majorly screwed by the machinations of the Treasury Department and the Fed because earnings on bank deposits, mutual funds, and other investments are in the crapper – mostly affecting senior citizens on a fixed income.
So what I do not understand is simple. Why the hell are the politicians and intellectuals dancing around the real issue of bad government and feting the asshats that created this death-spiral system?
At the IMF Research Conference on Nov. 8, Larry Summers gave a succinct presentation that explained what may be the most pressing economic matter of our time.
The speech is being widely praised (by Krugman and others) for being a brilliant and thorough elucidation of an issue that's underdiscussed. Over the past 50 years, the Federal Reserve has cut short-term interest rates during recessions to spur economic growth, but a new problem has arisen recently. The Fed cut the rate to zero, but we still have had a slow recovery.
The problem is that the natural interest rate — where investment and savings bring about full employment — is now negative. However, the Fed cannot cut the nominal rate below zero because people will choose to hoard money instead of putting it in the bank. This is called the zero lower bound and has reduced the power of Fed policy.
To offset that, the Fed has used unconventional programs such as quantitative easing (QE) to push long-term rates down to try to bring about greater investment. QE is the technical term for the Fed buying billions of dollars of Treasuries and mortgage-backed securities.
Even with that though, the natural interest rate is still stuck below zero. Cutting short-term interest rates is the Fed's greatest power to bring about full employment during recessions, but it has been hamstrung by the zero-lower bound. While this has caused a weaker recovery so far, the larger problem is that this is not a short-term issue.
If another recession were to hit now or in the next couple of years, the Fed will have even less power to combat it since rates are already at zero. This is what Summers warned of in his speech at the IMF.
"Imagine a situation where natural and equilibrium interest rates have fallen significantly below zero," Summers said. "Then conventional macroeconomic thinking leaves us in a very serious problem because we all seem to agree that whereas you can keep the federal funds rate at a low level forever, it's much harder to do extraordinary measures beyond that forever, but the underlying problem may be there forever."
There are a couple of other ways we could attack this.
-- The Fed could allow for greater inflation, and thus incentivizing people to spend now if they're hoarding money.
-- We could also move to a cashless society where all money is electronic. This would make it impossible to hoard cash outside the bank, allowing the Fed to cut interest rates to below zero, spurring people to spend more. Read more at:Larry Summers IMF Speech On The Zero Lower Bound - Business Insider
Incentivizing? You mean social engineering to force the population to act against their own individual or best interest?
I call bullshit …
America is a consumer economy, but people are not spending money. They are hoarding it for uncertain time and paying down their debts. Neither which creates economic growth. Even worse Obamacare is killing jobs, reducing many jobs to under 30-hours to avoid onerous costs penalties associated with Obamacare. Obama should be impeached for this alone.
Yes, the Federal Reserve could allow for greater inflation, but that is what is already happening. Inflation is when too many dollars chase after too few goods. For those who do not realize it, our Dollar is in the crapper NOW! So before you blame the Middle East oil producers for the high cost of gas, just remember it now takes more dollars to purchase the same amount of oil – so we are seeing inflation at the gas pumps. And everywhere else. Because the Fed computes the inflation rates and tells you there is low-inflation, does not necessarily make it so. Using my FedWatcher program, I calculated that on December 5, 2013, it would take a 2.9% hike in the Federal Funds rate just to return to a neutral (0%) inflation rate using a 10-year outlook. Imagine some bank borrowing billions of dollars at zero interest rate, charging 4% for a mortgage, and up to 22% for a credit card balance – booking the guaranteed profit and then rewarding their executives based on this sure-fire profit. We are so screwed.
Our government’s public policies, such as the Patient Protection and Affordable Care Act, the EPA rules and regulations, and the support of unions demanding higher wages and benefits without a corresponding increase in productivity is what is ailing our economy. No investor in their right mind will invest in an enterprise in an atmosphere of FUD: fear, uncertainty, and doubt. Thus the dollars are locked-up in liquid investments or kept off-shore.
The government wants electronic money – so they can monitor and control funds flows. And, potentially like Greece, grab a chunk of your savings, retirement pension, or even market investments to make the financial markets whole. Socializing losses and privatizing the profits – like the business models of Fannie Mae, Freddie Mac, Amtrak, and the Postal Service.
Bottom line …
If you want a healthy economy, you start by throwing the progressive socialist democrats out of office in the 2014 congressional election cycle. Investigating and prosecuting those who have raped the system and subverted government for their own personal professional, political, and profitable agenda. We must conquer the socialist malaise where everyone shares in the misery and no one looks to a bright future. Where the socialists and communists create and manage scarcity rather than encouraging entrepreneurial activities that would lift our economy and our spirits. We need to fete companies that produce things at a profit – not companies that are little more than entertainments for the masses. We need to educate our children AND adults, not produce union-made functional illiterates who become socialist activists looking for an entitlement.
And why are we buying the latest cars and computers when we barely use the capacity we now have? Save your money. Pay down your debt. Take care of yourself and your family first. All before being forced to voluntarily contribute to your neighbor’s new appliance in the guise of energy-saving incentives that you are paying for.
These Moronic Muslims were even so “kind” to film their crimes, and post them on Youtube,
This is a good sign, but much more needs to be done in order to save the UK from Islamic rule.Banning Islam is one of them.
The trio, members of a self-styled ‘Muslim Patrol’ group, threatened strangers for holding hands, drinking alcohol and other behaviour they deemed ‘un-Islamic’.
Jordan Horner, 19, Ricardo McFarlane, 26, and a third man who can’t be named for legal reasons yesterday pleaded guilty to a variety of charges, including actual bodily harm and affray.
Video footage shows the group telling one couple not to walk down the street holding hands in ‘a Muslim area’ and ordering others to move away from a mosque.
‘These men routinely threatened and intimidated innocent members of the public,’ said prosecutor Baljit Ubhey.
‘They would roam the streets, seeking out victims whom they could target, and chanting threats to “kill the non-believers”.
‘On the nights in question they confronted and aggressively intimidated a couple who were holding hands in the street, a group of friends who were drinking alcohol, and a girl whom they deemed to be dressed provocatively.’
They were sentenced to jail terms of between 24 weeks and 17 months.
This is a story of a mass shooting that might have been if not for the efforts of a concealed carrier. However, don’t expect to see this story on the national news since there were no fatalities.
Several guests, in their 20′s and 30′s were attending a party at a Glendale, AZ home when one of the guests, identified only as a 27 year old male, got into an altercation with several people at the home.
The 27 year old was asked to leave, which he initially did. However, shortly thereafter, the 27 year old returned, this time armed with a rifle.
The suspected shooter fired rounds off outside the home and when he pointed the gun at other guests, a 39 year old guest drew a concealed handgun and fired on the suspect, who was hit by the gunfire.
The concealed carrier waited for police, explained what happened and was released after giving a statement to police.
The shooter has been cooperative with investigators, she said. He was questioned and released by detectives.
“This is standard procedure under these type of circumstances,” Breeden said. “Information and evidence detectives have gathered leads them to believe the 27-year-old was not only firing his rifle, endangering partygoers, but also pointed the weapon at other partygoers, endangering them, prior to the 39-year-old displaying a weapon and shooting the 27-year-old.”
The shooter is being treated for injuries described as potentially life threatening at an area hospital.
We of course have no way to know how many lives were saved by the actions of the man carrying a handgun, however, based on the actions of the suspect prior to being shot I think we can safely conclude he did not return to the party with honorable intentions.
No license is required to carry a handgun a in the state of Arizona.
And this is why Good guys should be allowed to have guns. I do not yet have a CCW gun/permit (still trying to find a gun I like, either shield/g19), but once I do i will be getting my CCW anyways even though Arizona doesnt need it. Just helps to show you DO know how to handle a firearm and as the ccw proves are not a felon (if ever involved in a shooting like this, which…I hope never happens to me, but would rather be safe then sorry).
If it weren’t for Patriot sites like this, we’d never hear about heroic concealed carry stories. Thanks for putting this out so that we can tell our friends.
Saturday, December 7, 2013And now it’s Reagan’s fault.
Check it out:
In his interview of PresidentObama on Thursday, Chris Matthews asked what could be the reason for the significant decline in the trust American citizens have in their government. The President goes on for several minutes in his answer and points out various ways in which the government could “improve”, claims that the media doesn’t cover good stories about government (more on that later), and then finally concludes with this gem:
“We’ve had a politics, frankly, you know, the entire republican party brand since Ronald Reagan has been government’s the problem. And if you day after day, week after week, election after election, are running on that platform and that permeates our culture and it’s picked up by you know, ordinary citizens who grow skeptical, then it’s not surprising that over time, trust in government declines.”
This is not sent for discussion. If you agree, forward it. If you don't, delete it.I don't want to know one way or the other. By me forwarding it, you know how I feel.
NBC POLL
Do you believe
that the word
God should
stay in
American
culture?
NBC this
morning had a
poll on this
question. They
had the
highest Number
of responses
that they have
ever had for
one of their
polls, and the
Percentage was
the same as
this:
86% to keepthe
words, IN God
We Trust and
God in the
Pledge
of
Allegiance
14% against
That is a
pretty
'commanding'
public
response.
I was asked to send
this on if I
agreed or delete
if I didn't ....
Now it is your turn. It is said that 86% of
Americans
believe the
word God
should
stay.......
Therefore, I
have a very
hard time
understanding
why there is
such a mess
about having
'In God We
Trust' on our
money and
having God in
the Pledge of
Allegiance.
Why
is the
world catering
to this 14%?
AMEN!
If you agree,
pass this on , if not,
simply delete.
In God We
Trust
This is the day the LORD has made. I will rejoice and be glad in it.God Bless America !!!
And this is why Good guys should be allowed to have guns. I do not yet have a CCW gun/permit (still trying to find a gun I like, either shield/g19), but once I do i will be getting my CCW anyways even though Arizona doesnt need it. Just helps to show you DO know how to handle a firearm and as the ccw proves are not a felon (if ever involved in a shooting like this, which…I hope never happens to me, but would rather be safe then sorry).
-Shooting for over 16 years.
Tony suggests a Glock 23 for a concealed carry weapon as it fits his big paws.
If it weren’t for Patriot sites like this, we’d never hear about heroic concealed carry stories. Thanks for putting this out so that we can tell our friends.
We wouldn’t want mainstream media to suddenly go objective and unbiased and report this in national news…might hurt Obama’s feelings.
A classic case of a bad man with a gun being stopped by a good man with a gun. I love a story with a happy ending.
Good man.